Gansu Huangtai Correlations
| 000995 Stock | 12.74 0.22 1.70% |
The current 90-days correlation between Gansu Huangtai Wine and Jiangsu Yueda Investment is 0.16 (i.e., Average diversification). The correlation of Gansu Huangtai is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Gansu Huangtai Correlation With Market
Modest diversification
The correlation between Gansu Huangtai Wine marketing and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gansu Huangtai Wine marketing and DJI in the same portfolio, assuming nothing else is changed.
Gansu |
The ability to find closely correlated positions to Gansu Huangtai could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gansu Huangtai when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Gansu Huangtai - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Gansu Huangtai Wine marketing to buy it.
Moving against Gansu Stock
| 0.79 | 688466 | GreenTech Environmental | PairCorr |
| 0.74 | 300674 | Yusys Technologies | PairCorr |
| 0.69 | 300780 | Sichuan Dawn Precision | PairCorr |
| 0.68 | 300530 | Hunan Lead Power | PairCorr |
| 0.61 | 300354 | DongHua Testing Tech | PairCorr |
| 0.6 | 301226 | Changzhou Xiangming | PairCorr |
| 0.59 | 002616 | Guangdong Chant Group | PairCorr |
| 0.58 | 300895 | Beijing Topnew Info | PairCorr |
| 0.56 | 300840 | Qingdao Kutesmart Co | PairCorr |
| 0.56 | 688298 | Zhejiang Orient Gene | PairCorr |
| 0.56 | 002853 | Guangdong Piano Cust | PairCorr |
| 0.54 | 002501 | Jilin Liyuan Precision | PairCorr |
| 0.53 | 605118 | Xiamen Leading Optics | PairCorr |
| 0.5 | 002630 | China Western Power | PairCorr |
| 0.49 | 600361 | Beijing Hualian Hype | PairCorr |
| 0.48 | 300940 | Shen Zhen Australis | PairCorr |
| 0.45 | 002025 | Guizhou Space Appliance | PairCorr |
Related Correlations Analysis
| 0.3 | 0.24 | 0.82 | 0.79 | 688486 | ||
| 0.3 | 0.49 | 0.59 | 0.52 | 000895 | ||
| 0.24 | 0.49 | 0.5 | 0.5 | 600805 | ||
| 0.82 | 0.59 | 0.5 | 0.88 | 000042 | ||
| 0.79 | 0.52 | 0.5 | 0.88 | 000526 | ||
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Risk-Adjusted Indicators
There is a big difference between Gansu Stock performing well and Gansu Huangtai Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Gansu Huangtai's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 688486 | 3.74 | 0.54 | 0.15 | 1.21 | 3.61 | 8.35 | 23.58 | |||
| 000895 | 0.91 | 0.02 | 0.08 | (0.14) | 1.02 | 1.68 | 6.37 | |||
| 600805 | 1.34 | (0.06) | 0.00 | 0.17 | 0.00 | 2.55 | 6.88 | |||
| 000042 | 2.51 | 0.34 | 0.09 | 1.55 | 3.94 | 6.54 | 19.99 | |||
| 000526 | 2.08 | 0.02 | 0.04 | (0.10) | 2.39 | 4.78 | 13.23 |
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Gansu Huangtai Corporate Management
Elected by the shareholders, the Gansu Huangtai's board of directors comprises two types of representatives: Gansu Huangtai inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gansu. The board's role is to monitor Gansu Huangtai's management team and ensure that shareholders' interests are well served. Gansu Huangtai's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Gansu Huangtai's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Dengfeng Zhang | Accounting Supervisor | Profile | |
| Gang Xie | Board Sec | Profile | |
| Bing Chen | Deputy Engineer | Profile | |
| Zhijian Cheng | Board Secretary | Profile |